By them having no other option but to take out student loans, it is the start to a long road of student loan debt issues. Majority of student loans today are through the popular loan company Sallie Mae. In 1972, Sallie Mae was founded as a private company for loans but since late 2004, it generally became a publicly traded company.
This essay will include a brief look at the history of education and how it has developed into the system we now have today. This essay will also look at two sociological theories on education; Functionalist and Marxist,. Within each of these theories this essay will also highlight three main perspectives; social class, gender and ethnicity.
The interest rates will remain same for entire period of loan. Education Loan Portal. SBI STUDENT LOAN SCHEME. Effective Interest Rate. Upto Rs 7.5 Lacs. 0.50% concession in interest for girl students. Above Rs 7.5 Lacs. 0.50% concession in interest for girl students. 0.50% concession for students availing of SBI Rinn Raksha or any other.
Student debt has recently passed 1 trillion dollars, which has caused many to voice their concerns over a modern college education. The baby boomer generation has been touting undergraduate degrees as a necessity for success in the modern age, but with student debt on the rise, formal degrees may not be the panacea that the. The Cost of College.